HONG KONG : Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood.China's benchmark equity index rose 0.3 per cent, while Hong Kong's Hang Seng added 1.2 per cent.
"The U.S. debt ceiling uncertainty removed hope on China to introduce more help to the economy is also a good sign for the market." The two-year Treasury yield, which typically moves in step with interest rate expectations, fell slightly to about 4.5 per cent in Tokyo, from Tuesday's close at 4.516 per cent. The yield on 10-year notes slipped to around 3.67 per cent.The Australian dollar reached its highest since mid-May at $0.6690, extending a rally following a central bank rate increase on Tuesday.
Leading cryptocurrency bitcoin was trading at about $27,000, consolidating following a sharp overnight rebound from as low as $25,350.